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Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow

‘Sideways move’

BofA Securities’ global quantitative strategist Nigel Tupper’s latest report is entitled Sentiment Surge ,

“The recent sideways move in our macro indicator – the Global Wave – indicates macro trends are somewhat ambiguous, but other global investment regime indicators are providing a more positive signal. The global earnings cycle remains robust with no sign of an earnings downturn. Additionally, our Global News Pulse (30-day) continues to rise on strengthening sentiment in stock-specific news and is now at a four-year high. Long-only positioning = Buying Asia, selling the US Year-to-date, long-only funds globally have bought shares in Asia ($94-billion) and sold

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